Risk of Strategic Investments Falling Short of Expectations and Investee Deterioration
First written in FY2016. 7 of 12 entries say "Restated". Latest entry: FY2026.
Adjuvant Holdings moved to the "Worse" side of this theme in 2019, 3 years before the typical company in this theme (2022).
The whole theme swung hardest in 2019: 10 of 27 companies on the "Worse" side.
14 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Group makes various investment decisions from a strategic perspective. Although it collects and examines the necessary information when making decisions on strategic investment activities, if it fails to achieve the originally intended results from equity investments or other investments due to various unforeseen changes in the operating environment, or if the financial condition of an investee deteriorates, impairment of shares or other investments could adversely affect the Group’s operating results and financial condition.」
Reconfirms the risks of strategic investments failing to achieve their objectives, deterioration in investees’ financial condition and impairment of shares and other investments. - FY2023RestatedAnnual report
「The Group makes various investment decisions from a strategic perspective. Although it collects and examines the necessary information when making decisions on strategic investment activities, if it fails to achieve the originally intended results from equity investments or other investments due to various unforeseen changes in the operating environment, or if the financial condition of an investee deteriorates, impairment of shares or other investments could adversely affect the Group’s operating results and financial condition.」
Reiterates the impairment risk arising from strategic investments failing to achieve their objectives or deterioration at investee companies. - FY2022RestatedAnnual report
「The Group makes various investment decisions from a strategic perspective. Although it collects and examines the necessary information when making decisions on strategic investment activities, if it fails to achieve the originally intended results from equity investments or other investments due to various unforeseen changes in the operating environment, or if the financial condition of an investee deteriorates, impairment of shares or other investments could adversely affect the Group’s operating results and financial condition.」
Reiterates the impairment risk arising from strategic investments failing to achieve their objectives or deterioration at investee companies. - FY2021-Q3RestatedAnnual report
「The main factors behind the changes were a ¥322 million decrease in cash and deposits, a ¥327 million increase in accounts receivable, and a ¥107 million increase in merchandise and finished goods. Fixed assets decreased by ¥122 million from the end of the previous consolidated fiscal year to ¥2,380 million. The main factor behind the change was a ¥95 million decrease in investment securities due to impairment and other factors.」
The company reported a ¥95 million decrease due to impairment and other factors affecting investment securities. The results of investment risks, including the impairment loss recorded in the second quarter, are also reflected in its financial condition. - FY2021-Q2MaterialisedAnnual report
「As a result of recording an impairment loss on investment securities of ¥100 million as an extraordinary loss, net loss attributable to owners of the parent was ¥94 million, compared with net loss attributable to owners of the parent of ¥200 million in the same quarter of the previous year.」
An impairment loss on investment securities of ¥100 million was recorded, demonstrating in the second quarter the risk of strategic investments failing to achieve their objectives and deterioration at investee companies. - FY2020MaterialisedAnnual report
「During the current consolidated fiscal year, the company recorded an impairment loss on unlisted shares classified as other securities, with a fair value of ¥999 thousand.」
An impairment loss of ¥999 thousand on investment securities was actually recorded, demonstrating in the current fiscal year the risk relating to declines in the value of investees and shares held. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year under review, there were no newly arising business or other risks. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
States that there have been no material changes in the risks of strategic investments failing to achieve their objectives and deterioration at investee companies. - FY2019MaterialisedAnnual report
「As a result of recording an impairment loss on goodwill of ¥47 million relating to エクシードシステム株式会社, a consolidated subsidiary, among other factors, net income attributable to owners of the parent was ¥25 million, down 91.9% from the previous fiscal year.」
For strategic investee エクシードシステム株式会社, an impairment loss on goodwill of ¥47 million was recorded for the full fiscal year, confirming in the results the risk of strategic investments failing to achieve their objectives and deterioration at investee companies. - FY2019-Q3MaterialisedAnnual report
「As a result of recording an impairment loss on goodwill of ¥47 million relating to エクシードシステム株式会社, a consolidated subsidiary, among other factors, net income attributable to owners of the parent was ¥117 million, down 67.3% year on year.」
An impairment loss on goodwill of ¥47 million relating to strategic investee エクシードシステム株式会社 was actually recorded, demonstrating in the results the risk of strategic investments failing to achieve their objectives and deterioration at investee companies. - FY2018RestatedAnnual report
「The Group makes various investment decisions from a strategic perspective. Although it collects and examines the necessary information when making decisions on strategic investment activities, if it fails to achieve the originally intended results from equity investments or other investments due to various unforeseen changes in the operating environment, or if the financial condition of an investee deteriorates, impairment of shares or other investments could adversely affect the Group’s operating results and financial condition.」
Reiterates the impairment risk arising from strategic investments failing to achieve their objectives or deterioration at investee companies. - FY2017RestatedAnnual report
「The Group makes various investment decisions from a strategic perspective. Although it collects and examines the necessary information when making decisions on strategic investment activities, if it fails to achieve the originally intended results from equity investments or other investments due to various unforeseen changes in the operating environment, or if the financial condition of an investee deteriorates, impairment of shares or other investments could adversely affect the Group’s operating results and financial condition.」
Reiterates the impairment risk arising from strategic investments failing to achieve their objectives or deterioration at investee companies. - FY2016First statedAnnual report
「Impairment loss on investment securities: ¥106 million」
While identifying risks relating to strategic investments, the company recorded an impairment loss on investment securities of ¥106 million in the current period.